India's Power Plants Attracting Foreign Buyers

Some Indian Companies Are Eager to Sell Assets to Pay Debts

NEW DELHI—Indian power assets are attracting foreign buyers keen to invest in a sector that is unable to meet demand, even as the owners of those assets struggle with debt and impediments to growth.

A consortium led by Abu Dhabi National Energy Co. of the United Arab Emirates, for example, is in the final stages of talks with Jaypee Group, an Indian construction and power company, to buy two of its hydroelectric projects in the north...